- Public contributions to a company do not discount VAT if the company acts as a mere intermediary between the payer and the suppliers of goods necessary for a project of general interest under the National Recovery and Resilience Plan (PNRR).
- The Italian Revenue Agency clarified this in response to a published inquiry on October 4, 2024.
- According to the Revenue Agency, grants without any connection to services or goods are not subject to tax.
- The clarification applies when the recipient of the money is not the actual beneficiary but acts as a mere intermediary for transferring the funds to the beneficiary.
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
